With a little resourcefulness and an entrepreneurial spirit, you can turn a large extra room or warehouse space into the site of your new business venture. Rather than simply renting it out to someone else, why not start your own business? You’ll be able to save on renting costs since you own the space yourself. If you don’t know where to start, here are a few novel ideas that will inspire you to get your creative and innovative juices flowing:
Coworking space
Coworking allows workers from different fields and professions to come together while working individually in a single shared space. It’s the perfect way to make use of a large warehouse or a roomy vacant space. If you don’t know how to start a coworking space, the easiest way to start is to enlist the help of a coworking franchisor that offers comprehensive office franchise packages with everything you need to get your business up and running.
Flea market
A large space is an ideal venue for a flea market. People at flea markets come together to sell fresh produce, food products, collectibles, antiques, vintage clothing, and other low-priced items. You can charge a small fee for booths that artists, musicians, chefs, and designers can set up to sell their goods within your venue.
Mechanic workshop
A spacious and wide-open warehouse is just what a mechanic workshop or a repair garage needs. If you’re passionate about cars but don’t have the relevant skills to repair them, you can always employ people who are knowledgeable about car maintenance and repair to help manage the business for you.
Cinema
A cinema is a great business to operate in a large space. You might need to invest more in converting your warehouse or large room into a cinema since you’ll need to purchase a projector, audio-visual equipment, and comfortable chairs. You’ll also need to ensure that you have the rights to screen certain films.
Rehearsal space
Dancers, artists, musicians, and other performance artists need wide spaces to train and rehearse. Your space could be rented out for them to use. If you’re musically-inclined and a bit of a tech-junkie, you can even provide audio-visual equipment for dancers and musicians. The rental fee could include the rental of such equipment.
Yoga studio
Many yoga and pilates studios are operated from warehouses these days. Yoga and pilates practitioners are usually looking for large spaces to move around in with lots of natural sunlight. Whether you’re a practicing yogi or just a casual yoga hobbyist, your warehouse can be the perfect venue for people to come together and relax in a calming and inviting environment.
Micro-brewery
A micro-brewery is a brewery that is often independently owned and produces only a limited amount of beer yearly. They usually produce less than 15,000 barrels per year. Since micro-breweries are circulated and produced in small batches, brewers tend to emphasize quality, flavor, and brewing technique. If you’re a beer connoisseur, turning your warehouse into a production site could be the ideal business venture for you.
Making the most of a warehouse space or a large room is an exercise in creativity and ambition. It’s also a way to make some extra cash on the side. There’s no better time to start than now.
